BD, S Korea explore deeper development partnership

Business Desk:

South Korean Ambassador Park Young-sik has reaffirmed his country’s long-standing support for Bangladesh’s development and highlighted the importance of preparing for the next phase of their partnership.

“Korea has a unique development experience, transforming from an aid recipient to a donor country. Just as our cooperation in the RMG sector contributed to Bangladesh’s economic growth, Korea will continue to expand collaboration across trade, investment, and other key areas,” he said.

The ambassador made the remarks while addressing the Korea-Bangladesh policy seminar titled “Navigating Geopolitical Dynamics: Toward a Korea-Bangladesh Future Partnership”, hosted by the Embassy of Korea in Dhaka on Sunday.

He also pointed to the ongoing CEPA negotiations as a major step in deepening economic ties. “These negotiations will serve as the framework for our future economic partnership and will be an important milestone in advancing Korea-Bangladesh relations,” Park added.

Policy Seminar Highlights Opportunities for Cooperation
The seminar brought together policy experts, academics, development partners, and private-sector representatives from both countries to discuss strategies for strengthening collaboration in a changing global environment.

Moderated by Ambassador Farooq Sobhan, the sessions explored key geopolitical trends and economic opportunities. Speakers included Ambassadors Humayun Kabir and Mustafizur Rahman, Parves Karim Abbasi, Selim Raihan from Bangladesh, and Song Kyungjin, Lee Soon-cheul, and Song Chi-ung from Korea.

Participants highlighted the steady growth of Korea-Bangladesh relations over the past 50 years and emphasised the need to expand cooperation in areas such as: Advanced manufacturing, infrastructure projects including roads, ports, and power,digital transformation,people-to-people exchange.